CoinTracking Documentation - How To Start with CoinTracking

CoinTracking is a portfolio manager for tracking of all trades of digital currencies.
It provides useful analysis for trades, prices, volume, profit, loss and the value of all your coins.

Furthermore CoinTracking offers a specially developed tool for the annual tax return, among other things according to the standards of capital gains, FBAR, Form 8949 and the German Income Tax Act.

Trades can be entered in many different ways.
Either manually, by an import from exchanges or fully automatically via APIs.
The user decides what data should be tracked by which exchange.

In the following chapters you will learn how you can integrate your trades and what benefits CoinTracking provides thereby.
Click above on the links to jump directly to the desired chapter.

How do I enter my trades?

After you log in at CoinTracking, the first step is to enter your coins, so CoinTracking can track them.
Under Enter Coins in the navigation, you will find all functions to do this.
Click in the navigation bar on Enter Coins.

You are now on the main page for tracking of your coins.
You will notice that your Trade Table is empty. Now it is time to fill in your trades. There are three different ways to do so.

1. Enter Coins manually

With the manual method, it's very easy to enter your trades.
Click on the New button to create a new trade.
Did you, for example, bought 2 BTC for 500 USD on October 10th 2015, then put in the following:

Buy 2

Buy Currency: BTC

Sell: 500

Sell Currency: USD

Date: 2015-07-10

After saving your first trade appears in the Trade Table .
Congratulations! You've just created your first trade.

You can edit all your trades directly in the table, or by selecting a trade and clicking on Edit.
Hit Enter or the arrow Button to save your changes. Press ESC or click outside the field to discard your changes.

Selecting a trade and clicking on Delete, will remove this trade.
You can select multiple rows at once (even across multiple pages) using SHIFT + CLICK or CTRL + CLICK.

You can comment every single trade with a note. Both fields, Comment and Group are optional and only for your convenience.
All data is searchable and sortable. You can find a detailed trade table under Reporting -> Trade List

2. Upload trades from exchanges

CoinTracking support a large amount of well-known exchanges, of which your trades can be transferred directly.

To do this, click below the Trade Table on the logo of an exchange, to start the Exchange Importer.
Follow the instructions on the next page to upload your trades.

Trades that have been imported from exchanges are marked with the name of the Exchange in the Trade Table. You can search or sort after that exchange name in the table.

3. Automatic API Importer

With these importers you can monitor your trades or your BTC Wallet automatically. The system checks every few minutes your trades and adds them automatically into your account. Click on the logo of an exchange or on BTC Public Address and follow the instructions to set up the API Importer.

Which analysis offers CoinTracking?

Dashboard

Let's start with the Dashboard. Here you can find all important information at a glance.
This includes the summary of your coins, the value per coin, your expenses, your profit or loss, your trades, your exchanges and much more.

If you have just entered trades, you will notice, that in the lower right corner, a message appears.
Click on the link in the message to generate your data.
The system will calculate the balance of all your trades per day and the profit / loss per currency.

Depending on the number of trades and the time period, this can take a few seconds.
This procedure is only necessary if you have added new trades. After a few seconds the page reloads and displays your reports.

Reporting

In the Reporting tab you'll find a wide range of different analysis to your trades, which are explained in detail in this section of the documentation.

Trade Statistics

You can find many charts to your profit or loss, your value per currency, your amount of Coins, Profit / Loss per Coin and the Trade volume.

All charts were calculated according to your trades, you have entered under Coins entries, beginning on the day of your first trades, and end at the present time.

The charts are interactive. Individual datasets can be hidden by clicking in the legend and displayed again.

In addition, the charts can be zoomed by dragging, to highlight a certain period.

Trade List

Under Trade list you will find a detailed listing of all your trades. All values shown are sortable and searchable.

Behind the blue plus button, there are even more information about this trade, as our calculated trading price per currency, the creation date and, if applicable, the Trade ID.

Daily Balance

The Daily Balance adds and calculates all your trades to a particular day.

It thus shows the sum of your traded coins till this date, the value, the total value, the expenses and the profit / loss incl. an indicator.

These data can retrospectively determine the total stock of coins to a specific date in the past or at the present time (at the top).

Average Purchase Prices

The Average Purchase page tells you, whether you would be at a profit (indicated by the color green) or a loss (indicated by red) if you would sell those particular coins right now.

This calculation involves the average purchase value for each cointype, calculated and compared with the current market value. Example: If you bought 10 BTC for $1000 ($100 per coin) 20 days ago, and Bitcoin is now worth $120 per coin (or $1200 for 10 BTC), you would make a profit of $200 if you sell right now. However, if the current price is at $90 per BTC, you would be at a loss of $100 ($1000 - $900) if you sell right now.

Now it gets more complicated. Lets say you have bought 10 BTC for $660. Then, a week later, another 5 BTC for $500, and then you have sold 7.5 BTC for $900. For how much you'd have to sell your BTC to make profit? This is the exact reason for using this table. The calculation is as follows:
Buy 1 (BTC amount * purchase price) + Buy 2 (BTC amount * purchase price) + ... - Sale 1 (BTC amount * purchase price) - ...

The result is an average value in dollars for all your BTC. If the current sell price is higher, the line turns green and shows how much profit you would made my selling your remaining Bitcoins. In the other case, the line will turn red and shows, how much you would lose if you sell everything right now.

The calculation for all other cointypes (LTC, NMC, TRC ...) works the same way.

Why is my purchase value negative?
Your purchase value may actually be negative if you've already made so much profit, that you can't make a loss anymore. Example: You buy 1,000,000 DVC for $100. 1 week later, 1,000,000 DVC is worth $400. You are selling the half for $200. You've made $100 profit so far and you still have 500,000 DVC left. In this case, your purchase value is negative, because you have gained more than your initial purchase. Even if the DVC price drops to 0, you can't be at a loss. You will always come out with a gain of $100 minimum.

Are the values correct?
Yes, but only if you have entered the correct information on the Enter Coins page. We recommend to double check your trades there, if the balance data looks inaccurate.

What else do I see on this page?
Below you will find an overview of all your transactions (all BTC purchases and sales), as well as other types of coins if you have any. The purchase value is always mapped and shows, how much profit or loss you made with every single transaction.

Tax Declaration Export

CoinTracking helps with the annual tax return of Bitcoins and other digital currencies.

CoinTracking calculates all your trades exactly to the cent and prepares them automatically according to several methods like FIFO, LIFO, HIFO, AVCO, ACB...

Open the Tax-Report page and click on the Open settings and create a new Tax Report button.
Select the tax year and further settings for the export like the method, filters, tax rates, etc.
When you're done, click on the button Generate a new Tax Report now!. Before generating a new report, please make sure that all your trades are listed in CoinTracking correctly.

Once the report is ready, click on the Load Report button to view the full report including your Capital Gains Report, Income Report, Donations and Gifts Report, Stolen and Lost Coins Report and the Closing Position Report

Our tool is designed to adapt to the laws, financial statements and forms of different countries, such as Capital Gains, FBAR, Form 8949, the German tax declaration under the Income Tax Act, and many more.

Research Area

CoinTracking provides a globally unique research area with numerous information about Crypto Coins.
In addition to analyzes and statistics about trades, profits and Coins, CoinTracking offers Price Charts for current market prices, trends and even forecasts.

User Statistics

In those graphics you can identify which coins are traded mainly, how much Bitcoins users have on average, what value those coins have and the profit or loss range of all users.

The range in which you are, is highlighted in the charts. This highlighting can be hidden (for example, for an export of the graphics).

The values of yesterday, last week and last month can be accessed by clicking in the legend.
Also you can enable the history data for each chart as a table.

Coin Charts

The Coin Charts represent the price development of major Coins and FIAT currencies.
By the tabs on the top of the page, all coins can be shown separately or together in one chart.

It is also possible to analyze the price development of FIAT currencies in relation to the Bitcoin price.

Your own Trades are displayed as bubbles in the chart. (Purchase in green and a sale in red).
Based on the size and positioning of the bubbles, the volume and your purchase or selling price in relation to the regular price can be determined.

Coin Trends

This All Digital Currencies list includes all 6963 existing Crypto Coins on the market and reflects the current market price and the volume in BTC.

All values are updated every 5 minutes and recently published Coins are automatically added to the list.

Over the Easy Enter form (to which we will come later), all these coins can be tracked and the value plus the spending can be calculated.

Bitcoin Analysis

Detailed evaluations and (partly experimental) Analysis to Bitcoins, as per development period, EMA analysis, Google Trends, calculated price-change risks and forecasts for the price.

Important: As everyone knows, a forecast is of course impossible. Nevertheless, each course (whether a stock or digital currencies) has a particular pattern, which can be evaluated in the long term. That is what this tool does. It analyzes several factors (eg. past developments, prices, trading volume, foreign exchange rates, Google Trends, time, day, etc.), reads the pattern and calculated from currently 320,442 records a prediction. The program is not a neural network, but it analyzes the actual predictions and is able to learn from mistakes.

Please do not come up with the idea to trade over your limit, just because this tool tells you to do so. Rather, you should use this tool to see the development of prices and see possible probabilities. You need to interpret the values alone.

The forecast chart

The forecast graph consists of several values, all of which can be added or removed in the legend. Here is a detailed description of the legend:

Price: The current course of Bitcoins in Euro.

Forecast (long term): This is the forecast value, which was calculated on the basis of many factors.

Range: An area that represents the forecast in a plus/minus zone. The forecast value is always in the middle of the area.
If the course is in the middle of the range, the prediction was accurate. Otherwise, it was wrong.
The range is indicated by plus / minus one, five and ten percent. By strong changes of the current trade volume, the range may increase, which indicates generally a stronger price fluctuations in the next few minutes / hours.

Forecast (short term): This is a different prediction that is based only on events of the last hours.

Risk: The risk indicates the probability of a price change. Although we often specify the value in percent, it is more a score.
If the score is low, a low-price change is expected, the probability of a large price change is also very low.
At a high level a large price change is expected. Also, the probability of a large price change increases significantly.

The forecast is always determined for now + 3 hours. A given estimate is not corrected later. Even if the program noted later that it was wrong. Zoom with the mouse in the yellow area to see the forecast better.

BTC Risk-O-Meter

Large pointer: Indicates the current probability of a price change in 3 hours (see Risk).Small pointer: Indicate the development. If the course will rather go down (red arrow) or up (green arrow).
The more the little pointer is removed from the large pointer, the greater the likelihood that the price goes up or down.

Hit rate: Indicates how often the forecast was right in the past.

Additional charts

Bitcoin price per weekday: Here you can see, that the price on certain days is always higher or lower than on other days.

Bitcoin price per time: The same as above, only for 24 hours. Again, it is clear that the time can play a role for the price.

Bitcoin price and trade volume:Displays the development of the price, depending on the trading volume. You will see, that each increase of the trade volume is followed by a strong price change.

Google Trends: How often a term was searched.

What is Easy Enter?

Easy Enter (Enter all Altcoins)

Easy Enter is a system, which allows you to easily monitor all your Altcoins.
It contains prices of all 6963 existing Altcoins on the market and adds new Altcoins automatically.

You can find detailed analysis for all your Altcoins in the Easy Enter Statistics.
Click on the New Button, to enter your Coins.

Unlike the regular entry of trades, at Easy Enter a trade-date is not required.
All values always represent the current state and can - unlike trades - not be represented as a history chart.

You can optionally set your Spending in BTC of an Altcoin, to determine your profit or loss with this Coin.
Multiple entries of the same Altcoin will be summarized automatically.

Easy Enter Statistics

You will find on this page, among other things your average purchase value per coin, the price difference between your price and the current Coin price, your current value per Altcoin and (provided that the spending in Bitcoins has been specified on the Easy Enter Page), the profit or loss each Coin.

You can find additional information about each of the 6963 currently existing coins on the Coin Trends page.

Advanced Features

Export of trades

All trades can be exported. To do so, go to the Enter Coins page and click the Export button.
Here you can export your trades into Excel, CSV or PDF, and print or copy them to the clipboard.
On the Trade Export page, you can also export all trades into HTML, or as Unlimited user into JSON and XML.
XML export data can be reimported in any CoinTracking account via the XML Importer.

Delete Trades

You can delete your trades also on the Enter Coins page. Selecting a trade and clicking on Delete, will remove this trade.
You can select multiple rows at once (even across multiple pages) using SHIFT + CLICK or CTRL + CLICK.

Right next to the Trade Table, there is the possibility to delete all trades from an exchange at once.
Here it is also possible to delete all trades in a given period, or to remove your entire trades.
To delete trades in a specific time period, first select the checkbox for the trades you want to delete (for example delete all trades, or delete only Kraken trades) and then the checkbox for the time period. Select the time period and click on delete selected trades.

Change Currency

You can change your primary currency in the settings. You can choose between currently 17 FIAT currencies.

Set Bitcoin price of another exchange

We use average prices for all our calculations. If you want, you can switch your account exchange rate in the settings.
Currently the selection of any other exchange is only possible for EUR and USD. We offer Average, Bitstamp, CampBX and BTC-E for USD and Average, Bitcoin.de and BTC-E for EUR.

Change Time Zone

Open the settings and change your time zone according to your location.

Link multiple accounts with each other

You can join multiple accounts together on the settings page.
This can be beneficial if you want to track the accounts of friends or clubs. You can switch with just one click in the header (top right of every page) to your other account without having to re-login.

reasons for multiple accounts:
- Improved overview: One account for permanent coin investments (i.e. coins that are not sold over the years) and a second account of daily trades
- Multiple currencies: One account for EUR and one for USD
- Management of coins of friends, acquaintances, the club, etc.

Delete an Account

You can delete an entire account on the settings page in the right box. Click on Delete this account to delete this account including all data and trades. Deleted accounts can not be recovered.

My question is not listed here

You can not find the answer to your question in this documentation?
No Problem! Look briefly at the FAQ if you can find the answer there.
If not, you can contact us using the form at any time. We will answer all questions as soon as possible.